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Kemper Announces Early Redemption Date of $450 Million of 4.350% Senior Notes Due 2025

1. Kemper intends to redeem $450 million Senior Notes due 2025. 2. Redemption will occur on February 11, 2025, using available cash. 3. Investors will receive 100% principal plus accrued interest at redemption.

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FAQ

Why Bullish?

The redemption signifies financial stability, positively influencing investor confidence.

How important is it?

Redemptions generally indicate a company's strong position to fulfill its debt obligations.

Why Short Term?

The redemption affects KMPR's immediate obligations and cash flow.

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KMPR
CHICAGO--(BUSINESS WIRE)--Kemper Corporation (NYSE: KMPR) announced today that it has delivered to holders of its $450 million of 4.350% Senior Notes due 2025 (the "Notes") notice of the Company's intent to redeem the Notes in full on February 11, 2025 (the "Redemption Date"). The Company expects to make the redemption payment out of available cash. The Notes will be redeemed at a price equal to 100.00% of the principal amount of the Notes, plus accrued and unpaid interest thereon to the Redemption Date. Upon completion of the redemption, all of the Notes will be redeemed and none will remain outstanding. The original maturity date of the Notes is February 15, 2025. About Kemper The Kemper family of companies is one of the nation's leading specialized insurers. With approximately $13 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Kemper Auto and Kemper Life brands. Kemper serves over 4.8 million policies, is represented by 22,200 agents and brokers, and has 7,500 associates dedicated to meeting the ever-changing needs of its customers. Learn more about Kemper.

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